Clean energy analysts have warned new US rules designed to speed up a reshoring of clean energy supply chains will do little in the short term to break their dependence on imports from China.
The Treasury department on Friday issued new guidance that would only allow US-based solar developers to secure tax credits offered in the Inflation Reduction Act if they made their cells domestically.
However, because the US has very little production capacity for solar cells, the requirement would mean virtually none of the existing developers would be able capitalise on the subsidy, analysts said.
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